Amazon.com, Inc. $AMZN Shares Acquired by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,305 shares of the e-commerce giant’s stock after buying an additional 2,595 shares during the period. Sax Wealth Advisors LLC’s holdings in Amazon.com were worth $7,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. grew its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com in the second quarter worth $48,000. Cooksen Wealth LLC lifted its stake in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the last quarter. Finally, Access Investment Management LLC acquired a new position in shares of Amazon.com during the second quarter valued at $74,000. Institutional investors own 72.20% of the company’s stock.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Desjardins increased their price objective on shares of Amazon.com to $218.00 in a report on Monday, December 8th. Citizens Jmp reaffirmed a “market outperform” rating and set a $300.00 price target on shares of Amazon.com in a report on Wednesday, December 3rd. Evercore ISI reiterated an “outperform” rating on shares of Amazon.com in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Sanford C. Bernstein set a $300.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $295.23.

Read Our Latest Research Report on AMZN

Amazon.com Stock Up 0.4%

AMZN opened at $247.38 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock’s fifty day moving average is $233.22 and its 200-day moving average is $227.73. The company has a market capitalization of $2.64 trillion, a PE ratio of 34.94, a P/E/G ratio of 1.55 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $1.43 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 79,734 shares of company stock worth $18,534,017. 9.70% of the stock is owned by insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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